Free Market Protection Act of 2008 - Government-Sponsored Enterprises Free Market Reform Act of 2008 - Directs the Director of the Federal Housing Finance Agency (FHFA) to: (1) determine the financial viability of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); (2) terminate the conservatorship of a GSE that is financially viable; or (3) appoint the FHFA as receiver for a GSE that is not financially viable. Amends the Housing and Community Development Act of 1992 to limit the mortgage assets held by a GSE upon its emergence from conservatorship, including an increase in its minimum capital requirements. Amends the Economic Stimulus Act of 2008 to repeal the temporary increase in conforming loan limits applicable to the GSEs. Prohibits the GSEs from purchasing mortgages that exceed the median area home price. Requires the GSEs to pay state and local taxes. Directs the Comptroller General to study and report to Congress on recoupment of costs for the federal guarantee regarding the GSEs. Requires the wind down of operations and dissolution of a GSE whose charter has not been renewed. Price Stability Act of 2008 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to: (1) establish an explicit numerical definition of "price stability"; and (2) maintain a monetary policy that promotes long-term price stability. Repeals the Full Employment and Balanced Growth Act of 1978 (Humphrey-Hawkins Act). Amends the Employment Act of 1946 and the Congressional Budget Act of 1974 to reflect the changes made by this Act. Amends the Internal Revenue Code to: (1) prescribe a temporary zero percent capital gains rate for individuals and corporations; (2) substitute an indexed basis for the adjusted basis of certain assets in order to determine gain or loss upon disposition; (3) provide a five-year carryback of certain losses for taxable years ending during 2007, 20008, and 2009; and (4) modify the deduction for dividends received from controlled foreign corporations. Directs the Securities and Exchange Commission to suspend the application of fair value reporting standards to troubled assets held by financial institutions. Directs the General Accountability Office to analyze and report to certain congressional committees on the effect of fair value accounting standards upon financial institutions. Makes the Secretary of the Treasury responsible to determine the terms of a program to insure payment of up to 100% of principal and interest on each mortgage-backed security held by a financial institution on or before September 24, 2008. Establishes a Mortgage-Backed Securities Fund. Treats gain or loss from the sale or exchange of preferred GSE stock by specified financial institutions as ordinary income or loss. Requires an officer of an institution to pay to the Department of the Treasury any funds received as incentive-based or equity-based compensation during a specified period before the year in which the institution is subject to government intervention.

Bill· HRH.R. 7226 (110th)referred

Net Worth Certificate Program Act of 2008

United States · United States Congress · 29 September 2008

Net Worth Certificate Program Act of 2008 - Directs the Chairman of the Federal Deposit Insurance Corporation (FDIC) to create a net worth certificate program that will settle the financial markets without significant expense to taxpayers. States that such program will be authorized to purchase net worth certificates by issuing FDIC senior notes to the banks in the form of subordinated debentures, or in any other form the Chairman determines meets program goals and requirements. Requires the Chairman to certify that a bank eligible for the program is both: (1) in danger of failing; and (2) could be viable if given more time. Requires the Chairman to issue new, strict supervision rules for banks that wish to enter the program, including oversight of top executive compensation and removal of poor management.

Resolution· HRESH.Res. 1494 (110th)passed

Recognizing the 100th anniversary of The Christian Science Monitor newspaper.

United States · United States Congress · 24 September 2008

Recognizes the 100th anniversary of the Christian Science Monitor newspaper.

Resolution· HRESH.Res. 1481 (110th)referred

Recognizing the 100th anniversary of the Christian Science Monitor newspaper.

United States · United States Congress · 23 September 2008

Recognizes the 100th anniversary of the Christian Science Monitor newspaper.

Law· HRH.R. 6982 (110th)enacted

To designate the facility of the United States Postal Service located at 210 South Ellsworth Avenue in San Mateo, California, as the "Leo J. Ryan Post Office Building".

United States · United States Congress · 22 September 2008

Designates the facility of the United States Postal Service located at 210 South Ellsworth Avenue in San Mateo, California, as the "Leo J. Ryan Post Office Building."

Resolution· HRESH.Res. 1452 (110th)referred

Establishing the Select Committee on Financial Bailouts.

United States · United States Congress · 17 September 2008

Establishes the Select Committee on Financial Bailouts to investigate the extraordinary actions taken by the Board of Governors of the Federal Reserve System and the Secretary of the Treasury in 2008. Requires the Select Committee to report to the House of Representatives on: (1) such extraordinary actions; (2) the role that political activities and influence had in affecting the market conditions that led to such actions; and (3) recommendations for congressional action that would prevent the need for the Secretary and the Board to intervene in the capital markets in the future.

Bill· HRH.R. 6884 (110th)referred

Bone Marrow Failure Disease Research and Treatment Act of 2008

United States · United States Congress · 11 September 2008

Bone Marrow Failure Disease Research and Treatment Act of 2008 - Amends the Public Health Service Act to require the Secretary of Health and Human Services, acting through the Director of the Centers for Disease Control and Prevention (CDC), to: (1) develop a system to collect data on acquired bone marrow failure diseases; (2) establish the National Acquired Bone Marrow Failure Disease Registry; and (3) establish the Advisory Committee on Acquired Bone Marrow Failure Diseases to provide recommendations to the Secretary on the Registry. Allows the Secretary, acting through the Director, to award grants to, and enter to contracts and cooperative agreements with, public or private nonprofit entities for the management of the Registry. Requires the Secretary, acting through the Administrator of the Agency for Toxic Substances and Disease Registry, to conduct pilot studies to determine which environmental factors may cause acquired bone marrow failure diseases. Requires the Secretary, acting through the Deputy Assistant Secretary for Minority Health, to: (1) establish outreach and information programs targeted to minority populations affected by such diseases; (2) undertake a coordinated outreach effort to connect Hispanic, Asian American, and Pacific Islander communities with comprehensive services focused on treatment of, and information about, such diseases; and (3) awards grants to, or enter into cooperative agreements with, entities to perform research on such diseases. Requires the Secretary, acting through the Director of the Agency for Healthcare Research and Quality (AHRQ), to award grants to entities to improve diagnostic practices and quality of care with respect to patients with such diseases.

Bill· HRH.R. 6860 (110th)referred

Oil and Gas Lease Reform Act of 2008

United States · United States Congress · 10 September 2008

Oil and Gas Lease Reform Act of 2008 - Declares that no state environmental or pollution control law regulating the emission of pollutants or protecting human health or the environment shall apply to any activity under a lease for the exploration, development, or production of oil or natural gas on federal lands (including submerged lands), including any such state law expressly applicable to such activity under any other federal law. Amends the Federal Land Policy and Management Act of 1976 (FLPMA) to define "unnecessary or undue degradation," including: (1) surface or submerged disturbance greater than what would normally result when an activity is being accomplished by a prudent operator in usual, customary, and proficient operations of similar character and taking into considerations the effect of operations on other resources and land uses, including those resources and uses outside the area of operations; (2) failure to initiate and complete reasonable mitigation measures or to comply with applicable federal environmental statutes and regulations thereunder; or (3) failure to abide by the terms and conditions of an approved plan of operations and operations described in a complete notice. Amends the FLPMA, the Mineral Leasing Act, and the Outer Continental Shelf Lands Act to prohibit the Secretary of the Interior from suspending any lease for the exploration, development, or production of oil or natural gas, unless: (1) operations under the lease will present an imminent threat or harm to public safety or will significantly damage the public lands outside lease stipulations; or (2) the suspension is requested by the lessee. Prescribes requirements for review and termination of a suspension. Limits the requirement of the National Environmental Policy Act of 1969 (NEPA) for an environmental impact statement for a lease for oil or natural gas exploration, development, or production on federal lands to: (1) sale of the lease by the lessee; and (2) a single statement and a single review, upon lessee request, with respect to all plans and permits required for exploration, development, production, and construction of infrastructure to be carried out under the lease. Requires issuance of an exploration, development, or production permit if the Secretary determines that the comprehensive plan for the project complies with NEPA requirements. Prescribes appeals process, enforcement, and specified related requirements.

Bill· HRH.R. 6779 (110th)referred

SEA Act of 2008

United States · United States Congress · 1 August 2008

Security and Energy for America Act of 2008 or the SEA Act of 2008 - Secure Rural Schools and Counties Act of 2008 - Amends federal law governing payment for certain federal lands (entitlement land) to prescribe: (1) a transitional funding schedule for payments in lieu of taxes; and (2) transitional payments to states and counties previously entitled to payments under the Secure Rural Schools and Community Self-determination Act of 2000. Expresses the sense of Congress that: (1) amounts made available by a state to certain counties to support public schools should be in addition to, and not in lieu of, general state funds to support such schools; and (2) a state should not adjust education funding allocations to reflect specified receipts. State Enhanced Authority for Coastal and Ocean Resources Act of 2008 or SEACOR - Amends the Submerged Lands Act (SLA) to: (1) revise the seaward boundaries of states; and (2) except from confirmation and establishment of states' title, power, and rights any oil and gas mineral rights located within the revised seaward boundaries. Amends the Outer Continental Shelf Lands Act (OCSLA) regarding Adjacent Zones and Planning Areas in the Outer Continental Shelf (OCS). Sets forth procedures for the Secretary of the Interior (Secretary) to grant and administer oil and natural gas leases on the OCS. Revises provisions concerning oil and gas leases. Federal Energy Natural Resources Enhancement Fund Act of 2008 - Establishes the Federal Energy Natural Resources Enhancement Fund to monitor and manage wildlife and fish and other natural resources related to energy and minerals development on federal lands. Declares without force or effect existing federal prohibitions against spending appropriated funds to: (1) conduct oil and natural gas leasing and preleasing activities, or to issue a lease for any OCS; or (2) issue final commercial leasing regulations or any other function related to oil shale and tar sands. Prohibits a federal agency from permitting construction or operation of any facility, or from designating or maintaining a restricted transportation corridor or operating area, on either federal OCS or state waters that will be incompatible with oil, gas, or natural gas leasing, and with exploration and production of tracts that are geologically prospective for oil or natural gas. Amends the Mineral Leasing Act to revise regulations governing onshore surface-disturbing activities. Redesignates the Minerals Management Service as the National Ocean Resources and Royalty Service. Rigs to Reefs Act of 2008 - Amends OCSLA to prescribe procedures to use decommissioned offshore oil and gas platforms and other facilities for artificial reef and scientific research. Establishes the Energy and Mineral Schools Reinvestment Act Fund to enable maintenance and restoration of existing and historic petroleum and mining engineering programs. Redesignates the Mining and Mineral Resources Institutes Act as the Energy and Mineral Schools Reinvestment Act. Instructs the Secretary to establish OCS regional headquarters for the Atlantic OCS Region and the Pacific OCS Region. Freedom Fuels Act - Establishes the Freedom Fuels Fund, to be used for specified programs including: (1) geologic and geophysical programs; (2) geothermal and geopressure energy renewable resource management; (3) unconventional energy resources management; and (4) renewable energy management. Directs the Secretary to establish a program for production of: (1) liquid fuels from strategic unconventional resources; and (2) oil and gas resources using advanced CO2 enhanced recovery. Directs the Secretary to establish a grant program, among other purposes, for: (1) geothermal and geopressure oil and gas energy production; (2) FEED grants for projects for coal-to-liquids, petroleum coke-to-liquids, oil shale, tar sands, and Alaska natural gas-to-liquids and the production of low-rank coal water fuel; and (3) production of renewable energy from designated resources. Amends the OCSLA to: (1) repeal the Coastal Impact Assistance program; and (2) revise royalty-in-kind requirements. Amends the the Energy Policy Act of 2005 to: (1) prescribe default requirements if the Secretary of Energy does not issue regulations governing payments for research, development, and demonstration leases, and for commercial leases for oil shale and tar sands; (2) require the Secretary to grant royalty relief for natural gas production from gas hydrates; (3) direct the Secretary to reduce royalties for certain federal oil and gas leases; and (4) instruct the Secretary of the Interior to use specified estimates and considerations when compiling oil and gas resource assessments. Repeals the Gulf of Mexico Energy Security Act of 2006. Instructs the Secretary of the Interior to: (1) establish specified fees for conservation resources; (2) require that OCS oil and gas exploration utilize technology to minimize air emissions and discharges into the water; (3) establish Federal OCS Joint Regional Permitting Offices; and (4) develop, upon lessee request, oil spill response plans for each OCS Planning area. Exempts certain oil and gas leasing and exploration from federal agency coordination requirements of the Coastal Zone Management Act of 1972. Instructs the Administrator of the Environmental Protection Agency (EPA) to delegate to the Minerals Management Service permitting and enforcement authority for specified federal OCS activities.

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